SPEDX vs. BDMIX
Compare and contrast key facts about Alger Dynamic Opportunities Fund (SPEDX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
SPEDX is managed by Alger. It was launched on Nov 1, 2009. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
SPEDX vs. BDMIX - Performance Comparison
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SPEDX vs. BDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | -6.41% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, SPEDX achieves a -6.41% return, which is significantly lower than BDMIX's 4.32% return. Both investments have delivered pretty close results over the past 10 years, with SPEDX having a 7.60% annualized return and BDMIX not far behind at 7.29%.
SPEDX
- 1D
- 0.88%
- 1M
- -1.33%
- YTD
- -6.41%
- 6M
- -7.69%
- 1Y
- 4.68%
- 3Y*
- 8.59%
- 5Y*
- 1.72%
- 10Y*
- 7.60%
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
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SPEDX vs. BDMIX - Expense Ratio Comparison
SPEDX has a 0.91% expense ratio, which is lower than BDMIX's 1.57% expense ratio.
Return for Risk
SPEDX vs. BDMIX — Risk / Return Rank
SPEDX
BDMIX
SPEDX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Dynamic Opportunities Fund (SPEDX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SPEDX | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 2.55 | -2.07 |
Sortino ratioReturn per unit of downside risk | 0.72 | 3.73 | -3.01 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.48 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 5.14 | -4.59 |
Martin ratioReturn relative to average drawdown | 1.64 | 14.25 | -12.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPEDX | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.55 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 1.76 | -1.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.27 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.15 | -0.67 |
Correlation
The correlation between SPEDX and BDMIX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPEDX vs. BDMIX - Dividend Comparison
SPEDX's dividend yield for the trailing twelve months is around 0.10%, less than BDMIX's 8.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPEDX Alger Dynamic Opportunities Fund | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
SPEDX vs. BDMIX - Drawdown Comparison
The maximum SPEDX drawdown since its inception was -29.02%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for SPEDX and BDMIX.
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Drawdown Indicators
| SPEDX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -11.89% | -17.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -3.60% | -5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -7.45% | -21.57% |
Max Drawdown (10Y)Largest decline over 10 years | -29.02% | -9.44% | -19.58% |
Current DrawdownCurrent decline from peak | -8.39% | -0.13% | -8.26% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -2.71% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.30% | +1.74% |
Volatility
SPEDX vs. BDMIX - Volatility Comparison
Alger Dynamic Opportunities Fund (SPEDX) has a higher volatility of 2.82% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that SPEDX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEDX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.72% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 4.78% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 6.93% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 6.51% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 5.77% | +7.01% |